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Pioneer High Income Trust Commo Message Board

  • davidkoenig Oct 8, 2012 11:43 PM Flag

    UNII plus other CEF notes

    First, the dividend and distributions do not represent one month.They are the average of six months.Next PHT has undistributed income of 46 cents which can be used to cover any earmings short-fall for several years.

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    • Does basic math elude you? At a 40% premium you get almost 29% less bonds for your money. Ie, you buy bonds for $100 yielding 5% and only get $71 worth of bonds, your actual yield is only 3.55%. That is why there is no way this dividend is being CURRENTLY earned.

      They can use PAST capital gains to call the distributions non-ROC for a little bit, but that can only last so long, the cash flow going forward WILL NOT sustain these payments.

      Sentiment: Strong Sell

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